StockNews.com Begins Coverage on TransAct Technologies (NASDAQ:TACT)

Equities researchers at StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Trading Down 5.0 %

NASDAQ:TACT opened at $3.77 on Tuesday. The stock has a market cap of $37.74 million, a P/E ratio of -18.85 and a beta of 1.73. The stock’s 50-day moving average is $4.33 and its 200-day moving average is $4.30. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $7.13.

Institutional Trading of TransAct Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Legato Capital Management LLC acquired a new position in shares of TransAct Technologies in the fourth quarter worth approximately $44,000. Quinn Opportunity Partners LLC acquired a new position in shares of TransAct Technologies in the fourth quarter worth approximately $156,000. Essex Investment Management Co. LLC lifted its stake in shares of TransAct Technologies by 20.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after acquiring an additional 7,402 shares during the period. Northern Trust Corp lifted its stake in shares of TransAct Technologies by 33.8% in the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after acquiring an additional 13,386 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in shares of TransAct Technologies by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after acquiring an additional 5,000 shares during the period. 74.46% of the stock is currently owned by institutional investors.

TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.